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BTRS HOLDINGS INC.

(BTRS)
  Report
Delayed Nasdaq  -  04:00 2022-11-30 pm EST
9.470 USD   -.--%
11/11Billtrust to Hold Special Shareholder Meeting on Proposed Acquisition by EQT Private Equity
BU
11/07BTRS Holdings Q3 Loss Expands; Revenue Rises
MT
11/07BTRS HOLDINGS INC. Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q)
AQ
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Billtrust to be acquired by EQT Private Equity in nearly $1.7 bln deal

09/28/2022 | 10:34am EST

Sept 28 (Reuters) - Billtrust owner BTRS Holdings Inc said on Wednesday it will be acquired by EQT Private Equity in an all-cash transaction, valuing its equity at nearly $1.7 billion.

Shareholders of the business payments vendor will receive $9.50 per share in cash upon the closing of the transaction, a 64% premium to its last closing price. BTRS' shares soared 60.1% in early trading.

Reuters had reported in July that the Lawrenceville, New Jersey-based company was exploring options that include a potential sale to a private equity firm.

Billtrust's move comes as payment companies take valuation hits from bearish outlooks in high-growth tech stocks, with Swedish firm Klarna's valuation dropping to $6.7 billion from $46 billion during its funding round in July.

BTRS' shares too are down nearly 70% from peaks scaled in February 2021 as the COVID-led digital payments boom eased subsequently. The company had gone public after merging with a special purpose acquisition company in January 2021.

Shares of other digital payment giants have also been hammered. PayPal Holdings Inc has shed 50%, while Block Inc has plummeted more than 60% so far this year.

Billtrust provides a cloud-based software that helps businesses shift from paper invoicing to an integrated digital payments system. It employs more than 760 people in seven countries, according to its website.

EQT, meanwhile, manages 77 billion euros ($73.91 billion) in assets as of June 30 this year, with portfolio companies in Europe, Asia-Pacific and the Americas. ($1 = 1.0418 euros) (Reporting by Mehnaz Yasmin in Bengaluru)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BTRS HOLDINGS INC. 0.00% 9.47 Delayed Quote.21.10%
PAYPAL HOLDINGS, INC. 0.99% 78.41 Delayed Quote.-58.42%
All news about BTRS HOLDINGS INC.
11/11Billtrust to Hold Special Shareholder Meeting on Proposed Acquisition by EQT Private Eq..
BU
11/07BTRS Holdings Q3 Loss Expands; Revenue Rises
MT
11/07BTRS HOLDINGS INC. Management's Discussion and Analysis of Financial Condition and Res..
AQ
11/07BTRS Holdings Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended..
CI
11/07Billtrust Announces Third Quarter 2022 Financial Results
BU
11/07Earnings Flash (BTRS) BTRS HOLDINGS Reports Q3 Revenue $51.4M, vs. Street Est of $43.7M
MT
10/25Billtrust to Release Third Quarter 2022 Financial Results
BU
10/12US LBM Chooses Billtrust to Provide Enterprise-Wide Automated Accounts Receivable Capab..
BU
10/12US LBM Chooses Billtrust to Provide Enterprise-Wide Automated Accounts Receivable Capab..
CI
10/07William Blair Downgrades BTRS Holdings to Market Perform From Outperform
MT
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Analyst Recommendations on BTRS HOLDINGS INC.
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Financials (USD)
Sales 2022 169 M - -
Net income 2022 -63,3 M - -
Net cash 2022 157 M - -
P/E ratio 2022 -25,6x
Yield 2022 -
Capitalization 1 560 M 1 560 M -
EV / Sales 2022 8,33x
EV / Sales 2023 6,78x
Nbr of Employees 687
Free-Float 82,0%
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Technical analysis trends BTRS HOLDINGS INC.
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Mean consensus HOLD
Number of Analysts 6
Last Close Price 9,47 $
Average target price 10,67 $
Spread / Average Target 12,6%
EPS Revisions
Managers and Directors
Flint A. Lane Chairman & Chief Executive Officer
Steven Pinado President
Mark L. Shifke Chief Financial Officer
Joseph Eng Chief Information Officer
Jennifer Showers Chief Compliance Officer & Senior Vice President
Sector and Competitors
1st jan.Capi. (M$)
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BLOCK, INC.-58.04%37 146
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FLEETCOR TECHNOLOGIES, INC.-12.35%14 028
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